The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-04
CONDITION OF THE MARKETS
Wheat Drags Heavily at the Opening,
with Very Small Fluctuations.
Bull" News Comes from West and East, and
Slight Advance Results-Corn Trifie
Higher-PrOvisiOns Also Advance.
MONEY. BONDS AND STOCKS.

The weakness of Thursday Disappears, and
Everything Brings Better Prices
NEW YORK, June 3-Money call was
Dssy at 81 a5 per cent, closing offered at per
;ent.
Prime mercantile paper, sac per cent
Sterling exchange was dull but steady at
a. 1854 for sixty-day bills and S. SCI for demand
The total sales of stocks to-day were PAT. 462
Ihares, including the following: Delaware.
Lackawanna & Western, 10000; Erie, 11,210;
Fort Worth g. Denver, 13, 100; Louisville 81
Nashville 1900; Missouri Pacific, 4, go; North
western, IA, $50; New Jersey Central, AGO; Pa
riHc Mail, 1925; Reading, $780, st. Paul, H.
800; Union Pacific. 6,310; Western Union, 6'I22
The stock market displayed tone to day in
marked contrast with that of yesterday, scarcely
trace of the general weakness remaining, and
almost everything making handsome recov-
Try. There were buying orders at the opening
from both foreign and domestic sources but the
professionals fought the Improvement, and soon
made raid upon sales which had some effect
But, failing TO dislodge any "long" stock, they
soon started in to cover, and the advance inau
gurated lasted until well into the afternoon
when the usual reazations closed the market-at
fractional concessions from the best, figures
The demand from the foreigners was light and
insufficient to check the raid of the bears until
lided by the covering OF shorts" Inc favor
lite points of attack were Fort w orth % Denver,
Richmond d. West Point, Union Pacific
and Hooking Valley. The first named
stock however. rallied sharply, and for the first
time in many days closed with net gain for
the day. Jersey Central was at one time re-
markedly strong. when it became known that
progress was being made upon ths reorganiza-
ton plan The grangers were strong, especially
Northwestern, upon the large increase in earnings
above those formerly reported Wheeling q Lake
Erie was the only stock which did not yield TO
the 'bear" raid of the forenoon and rose steadily
until the last hour. The opening was firm to
strong, advances over yesterdays prices ranging
was quiet, with five six stocks doing most of
the business and it early became dull The
roalers displayed some strength in the early
dealings, but the remainder were heavy to weak,
and fractional declines were established over
The entire list, though Fort Worth
AZ Denver and Hooking Valley
were specially weak. Toward noon
hrmer tone became apparent, and Forth Worth
led the advance, joined later by Jersey Central.
The upward movement was checked toward p
NJ, and in the last hour prices sagged off, the
market closing quiet and heavy. Sales, 246 462
shares: Reading, p, $40; Wheeling e. Lake Erie
a. 000 Jersey Central, Ia, 400 Northwestern, a.
$50; Fort Worth q Denver. Is, 100; Richmond IL
West Point, 13. 400; St. Paul, IL 400 and Erie,
I1,210 Almost the entire active list is higher
this evening although net advances are confined
10 fractions only in most cases. but Jersey Cen
trail is up IL and Oregon Improvement. II.
Railroad bonds were more active; sales, 81
O6l. 900. Atlantic & Pacific incomes furnished
5000, 900, and West Shore fours $299, 900. They
closed irregular
Government bonds were dull and steady.
State bonds dull and steady. Closing
quotations were: